East China’s Jiangsu province reported a 5.6% year-on-year increase in the industrial added value of the enterprises above designated size, higher than the annual target of 5%, the provincial department of Industry and IT said on Tuesday.
The industrial use of electricity, the barometer of economic growth, surged by 7.3% from a year ago, which is 1.0 percentage point higher from the previous month and setting a new high since this year.
The amount of industrial loan surged from the start of this year, indicating a reason range of industrial operation.
Most parts of the province recorded stable industrial growth with 9 of the 13 prefectural cities maintaining higher growth than the provincial average.
Steady growth was reported with major industrial sectors with building material and pharmaceutical sectors maintaining brisk supply and demand.
Metallurgy, light industry, machinery, electronics and other industries maintained generally stable growth.
Among the 38 sub-sectors that are placed under monitoring, rapid growth was recorded with traditional industries such as construction machinery, shipbuilding, and emerging industries such as rail transit and photovoltaics.
The steady rise in industrial investment is a major highlight of current industrial operations. From January to October, the province’s industrial investment increased by 5.6% and the investment on industrial technological reform increased by 10%.
As of the end of October, Jiangsu had 863 advanced manufacturing cluster projects with a total investment of 1169.8 billion yuan, accomplishing 90.9% of the annual plan and 7.6 percentage points faster than the schedule.
（source:ourjiangsu.com）
